Lease rate

(redirected from Money Factors)

Lease rate

The payment per period stated in a lease contract.

Lease Rate

In a leasing agreement, the interest rate. For example, when one leases a car, the bank or leasing company buys the car from the dealer, and lends its use to the driver until he/she pays back the purchase price plus some extra money. The extra money is the interest or lease rate. It is presented as a very small number, say .00220. One arrives at this number by dividing the APR by 2400. In this case, .00220 is the equivalent of a 5.28% interest rate. It is also called the money factor or simply the factor.
References in periodicals archive ?
It covered almost all facets of the election scenario including statistics, predictions, party positions, the minority and money factors and the glamour quotient added by the participation of celebrities.
The way things are, though, with league reconstruction and money factors, there's nothing you can really do other than groundwork.
Principal among the money factors has been inflation.
First, drive-through banking, then ATMs and the expansion of banks into supermarkets - these are all money factors that have had their impact on retailing.
Money factors can also affect the dosages prescribed for certain medicines.